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Iowa's 2024 corn crop reached a record 211 bpa and 2.63 billion bushels, while soybeans averaged 60 bpa. Iowa Agriculture Secretary Mike Naig said low commodity prices and high input costs keep the state's farm economy soft and called for expanded markets.
Strong production in a major corn state adds supply pressure, and the call for demand growth signals the price-support need from exports and new uses.
iowaagriculture.govJan 10, 2025After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
